REV Group Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

REV Group REVG reported $616.9 million in revenue for the quarter ended April 2024, representing a year-over-year decline of 9.4%. EPS of $0.39 for the same period compares to $0.35 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $603.17 million, representing a surprise of +2.28%. The company delivered an EPS surprise of +39.29%, with the consensus EPS estimate being $0.28.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how REV Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- Recreation Vehicles: $179.70 million compared to the $186.67 million average estimate based on two analysts. The reported number represents a change of -30% year over year.
  • Net Sales- Specialty Vehicles: $437.40 million versus the two-analyst average estimate of $417.05 million.
  • Net Sales- Corporate & Other: -$0.20 million compared to the -$0.55 million average estimate based on two analysts. The reported number represents a change of -50% year over year.
  • Adjusted EBITDA- Recreation Vehicles: $12.10 million versus the two-analyst average estimate of $12.60 million.
  • Adjusted EBITDA- Specialty Vehicles: $33.80 million compared to the $26.09 million average estimate based on two analysts.
  • Adjusted EBITDA- Corporate & Other: -$8.40 million compared to the -$7.80 million average estimate based on two analysts.

Shares of REV Group have returned +2.6% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

To read this article on Zacks.com click here.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsSmall CapMarketsAnalyst RatingsTrading Ideascontributors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...